SIOT firm enters new era

WFS Technologies also aims to capitalise on its range of smart products launched over the last year. To enable this, the company has appointed Peter Sharpe as interim CEO, taking over from Brendan Hyland who is stepping down after founding the firm more than 17 years ago in 2003, but will remain a shareholder.

Mr Sharpe, who was formerly a non-executive director of WFS and will be working closely with WFS’s existing management team during the transition period, said: “WFS has established itself as a major disruptor in the marketplace by developing game-changing technology which improves safety, increases operational flexibility, reduces costs and extends asset life.

“As the business enters another exciting new era, I look forward to working with the team to further build on the company’s success.”

Mr Sharpe’s career has included being project director of digitisation for the UK Ministry of Defence, and a director of operations for engineering firm Jacobs.

WFS’ range of wireless Seatooth products provide offshore operators with asset integrity monitoring with embedded edge computing for real-time insight.

They have the potential to disrupt the offshore energy industry by providing operators of oil and gas platforms and wind farm installations with the ability to digitalise their subsea assets, reducing cost and increasing asset life through insight derived from real-time data.

By Rebecca Jeffrey